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FOR MORE CLASSES VISIT<br>tutorialoutletdotcom <br><br>Your assignment is to write a short essay identifying and describing two markets of your choosing; the first characterized by an elastic demand and the second one by an inelastic demand. Indicate why your choices have the relative elasticities they do.<br>
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Identify and describe two markets of your choosing • FOR MORE CLASSES VISIT • tutorialoutletdotcom • Your assignment is to write a short essay identifying and describing two markets of your choosing; the first characterized by an elastic demand and the second one by an inelastic demand. Indicate why your choices have the relative elasticities they do. • Hint: Use the determinants of elasticity to sort why some products are elastic and others are inelastic. • Market One: What are some of the goods you purchase in your life for which your demand is most elastic? Why?